3) On 10th July 2019, Eazy Company, which is in food business, has signed a contract to Heaven Plantation, which is in orchard business, to exchange their products. The agreements include the following details: 3.1 Eazy Company agrees to deliver its frozen foods with a normal price of $4,000 to Heaven Plantation. 3.2 Heaven Plantation agrees to deliver cashews nuts with the same price to Eazy Company. 3.3 The frozen foods will be transported to Heaven Plantation's warehouse at the beginning of August. 3.4 The cashews nuts will be delivered to Eazy Company's warehouse twice, first 50% of the product is at the beginning of August and another 50% is at the end of August. Question: a) Is it right if Eazy Company and Heaven Plantation apply guideline stated in IFRS 15 to recognize revenue from the contract? Explain reasons for your judgment. b) Make correct journal entries for the above transactions. Note: Eazy Company's normal gross profit is 50%, and Heaven Plantation's normal gross profit is 35%.